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Home News Trump’s Decision to Halt Strike on Iran Triggers Market Volatility, Oil Plunges, US Stocks Rebound, Bitcoin Surges Past $70K

Trump's Decision to Halt Strike on Iran Triggers Market Volatility, Oil Plunges, US Stocks Rebound, Bitcoin Surges Past $70K

Trump’s Decision to Halt Strike on Iran Triggers Market Volatility, Oil Plunges, US Stocks Rebound, Bitcoin Surges Past $70K

BlockBeats News, March 24th. U.S. President Trump stated on the 23rd that the U.S. and Iran had very good and productive discussions over the past two days, agreeing to a five-day pause on any military strikes against Iran’s power plants and energy infrastructure. After the news was announced, Brent crude oil fell by more than 14%. Later, Iran’s Islamic Parliament Speaker Kalibaf denied having talks with the U.S.

The market reacted to the U.S.-Iran situation. According to Bitget market data, Brent crude oil is now trading at $98.25 per barrel, up 1.55%; WTI crude oil is now trading at $91.15 per barrel, up 1.96%, showing a slight recovery after a significant drop yesterday. Spot gold fell to $4,100 per ounce at one point yesterday, now rebounding to $4,338.46 per ounce, a 1.55% decrease, marking the ninth consecutive day of decline; spot silver is currently trading at $67.62 per ounce, down 2.16%.

The U.S. stock market closed on Monday with the Dow up 1.38%, the S&P 500 up 1.15%, and the Nasdaq up 1.38%. According to HTX market data, Bitcoin briefly surpassed $71,000, now trading at $70,438.83, with a 24-hour increase of 4.09%; Ethereum is trading at $2,132.11, with a 24-hour increase of 4.33%.

The Nikkei 225 Index opened today (Tuesday) up 894.86 points, a 1.74% increase, at 52,410.35 points. The South Korean KOSPI Index opened on March 24th (Tuesday) up 236.56 points, a 4.38% increase, at 5,642.31 points.

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